With over 10.32 million Home Depot, Inc. (HD) shares trading Friday and a closing price of $346.55 on the day, the dollar volume was approximately $3.58 billion. The shares have shown a positive half year performance of 11.56% and its price on 12/29/23 lost nearly -0.23%. Currently, there are 1.02B common shares owned by the public and among those 992.79M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 39 analysts who have offered their price forecasts for HD have a consensus price objective of $336.11. The analysts have set the share’s price value over the next 12 months at a high of $390.00 and a low of $242.00. The average price target is -3.11% below its recent price level and a downside to the estimated low will see the stock lose -43.2% over that period. But an upside of 11.14% will see the stock hit the forecast high price target while median target price for the stock is $335.00.
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Insiders at the company have transacted a total of 75 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 29 of these insider trades were purchases, accounting for 134,143 shares. Insider sales of the common stock occurred on 46 occasions, with total insider shares sold totaling 76,868 shares.
Shares of Home Depot, Inc. (NYSE: HD) opened at $345.83, down -$1.53 from a prior closing price of $347.36. However, the script later moved the day high at 347.55, down -0.23%. The company’s stock has a 5-day price change of -0.69% and 14.69% over the past three months. HD shares are trading 9.72% year to date (YTD), with the 12-month market performance up to 9.76% higher. It has a 12-month low price of $274.26 and touched a high of $354.92 over the same period. HD has an average intraday trading volume of 3.34 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.42%, 10.90%, and 12.78% respectively.
Institutional ownership of Home Depot, Inc. (NYSE: HD) shares accounts for 71.33% of the company’s 1.02B shares outstanding.
It has a market capitalization of $344.91B and a beta (3y monthly) value of 0.98. The stock’s trailing 12-month PE ratio is 22.24, while the earnings-per-share (ttm) stands at $15.58. The company has a PEG of 12.35 and a Quick Ratio of 0.33 with the debt-to-equity ratio at 34.44. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.99% over the week and 1.42% over the month.
Analysts forecast that Home Depot, Inc. (HD) will achieve an EPS of $2.76 for the current quarter, $3.67 for the next quarter and $15.58 for 2025. The lowest estimate earnings-per-share for the quarter is $2.63 while analysts give the company a high EPS estimate of $3. Comparatively, EPS for the current quarter was $3.3 a year ago. Earnings per share for the fiscal year are expected to decrease by -9.71%, and 3.38% over the next financial year. EPS should shrink at an annualized rate of 1.80% over the next five years, compared to 18.01% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 39 brokerage firm advisors rate Home Depot, Inc. (HD) as a “Moderate Buy” at a consensus score of 2.15. Specifically, 17 Wall Street analysts polled rate the stock as a buy, while 16 of the 39 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the HD, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Sector Perform rating for the stock in a research note on November 07, 2023, with the firm’s price target at $303.
